5677 Waterman, Unit 32, St Louis, MO 63112
- $90,000
- 2
- BD
- 1
- BA
- 840
- SqFt
- List Price
- $90,000
- Days on Market
- 3
- MLS#
- 26055980
- Status
- ACTIVE
- Complex
- Waterman 4 Condominium
- Municipality
- St. Louis City
- Bedrooms
- 2
- Full baths
- 1
- Living Sq. Ft
- 840
- Year Built
- 1915
- Building Name
- Waterman 4 Condominium
- County
- St Louis City
- Listing Type
- Condo
- Property Type
- Mid Rise
- Style Description
- Mid Rise
- School District
- St. Louis City
Property Description
Rare investor opportunity in the heart of Skinker DeBaliviere! Priced $57,000 below the seller's original purchase price, this turn-key 2-bedroom, 1-bath condo offers immediate cash flow and substantial built-in equity. The interior unit suffered zero damage from recent storms and is 100% move-in/rent ready, previously commanding $1,400/month in rent. The complex is currently undergoing comprehensive exterior and roof repairs, fully funded by insurance. Due to ongoing repairs across the development, this condo is non-conforming to FNMA guidelines and requires a cash purchase. Per property management, conventional lender financing is anticipated to re-open once exterior work is completed—offering a prime opportunity for a future cash-out refinance. Selling strictly AS-IS. Minutes from Forest Park, Washington University, and the Delmar Loop.
Additional Information
- Elementary School
- Hamilton Elem. Community Ed.
- Jr. High School
- Langston Middle
- Sr. High School
- Sumner High
- Basement Description
- Unfinished
- Appliances
- Stainless Steel Appliance(s), Dishwasher, Disposal, Microwave, Gas Oven, Refrigerator, Washer/Dryer, LP Gas Water Heater
- Disclosures
- Flood Plain No, Historic Restriction, Occupancy Permit Required
- Amenities
- Association Management, Fitness Center, Parking, Storage
- Cooling
- Central Air
- Sewer
- Public Sewer
- Heating
- Forced Air
- Water
- Public
- Selling Terms
- Cash
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Listing courtesy of RE/MAX Results.
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